The United Auto Workers on Tuesday condemned the manufacturing company John Deere over recent mass layoffs at factories in Iowa and Illinois, arguing the company’s strong profits, lavish handouts to investors, and exorbitant CEO pay give the lie to claims that the job cuts and outsourcing were necessary.

“John Deere’s reckless layoffs and job cuts are an insult to the working-class people of Iowa and Illinois, and the United Auto Workers will fight for justice for our members and communities affected by these moves,” the union said in a statement. “Let’s be clear: there is no need for Deere to kill good American jobs and outsource them to Mexico for cheap labor. The company is forecasted to make $7 billion in profit this year. CEO John May’s total compensation for 2023 was $26.8 million.”